Palau: Taxes on international trade
* indicates monthly or quarterly data series
| Palau |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 12.34 |
| Year | 2020 |
| Measure | percent |
| Data availability | 2008 - 2020 |
| Average | 11.04 |
| Min - Max | 8.45 - 13.00 |
| Source | The World Bank |
The latest value from 2020 is 12.34 percent, an increase from 11.28 percent in 2019. In comparison, the world average is 7.82 percent, based on data from 110 countries. Historically, the average for Palau from 2008 to 2020 is 11.04 percent. The minimum value, 8.45 percent, was reached in 2011 while the maximum of 13 percent was recorded in 2017.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 38.33 | 2022 | percent |
| Government spending, in dollars | 0.09 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -6.01 | 2022 | percent |
| Tax revenue | 17.93 | 2020 | percent |
| Commercial tax rate | 76.60 | 2019 | percent |
| Tax preparation time | 52 | 2019 | hours |
| Number of taxes | 11 | 2019 | taxes |
| Taxes on goods and services | 14.15 | 2020 | percent |
| Taxes on international trade | 12.34 | 2020 | percent |
| Income and profits taxes | 8.80 | 2020 | percent |
| Foreign aid | 55.67 | 2022 | million U.S. dollars |